Workflow
Copper Mining
icon
Search documents
Contact The Gross Law Firm by January 12, 2026 Deadline to Join Class Action Against Freeport-McMoRan Inc.(FCX)
Prnewswire· 2025-12-04 14:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements related to safety practices at its Grasberg Block Cave mine in Indonesia [1][2]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine, which heightened the risk of worker fatalities [1]. - It is claimed that the lack of proper safety precautions led to undisclosed regulatory, litigation, and reputational risks for the company [1]. - The statements made by the defendants regarding Freeport-McMoRan's business operations and prospects were materially false and misleading, lacking a reasonable basis during the class period [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 15, 2022, to September 24, 2025 [1]. - Shareholders who purchased shares during this period are encouraged to register for the class action, with a deadline to seek lead plaintiff status set for January 12, 2026 [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle, with no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].
Los Andes Copper Announces Social and Community Update
Newsfile· 2025-12-04 12:30
Core Insights - Los Andes Copper Ltd. has made significant progress in community engagement and social development programs in 2025, strengthening partnerships with local communities [1][3][5] Community Engagement - The CEO of Los Andes highlighted the successful completion of community outreach programs, emphasizing their importance in advancing the Vizcachitas project [3][5] - The company is committed to creating shared values and fostering sustainable development in Putaendo County, San Felipe Province, and the Valparaíso Region through collaboration with stakeholders [5] Economic Impact - The Vizcachitas project is projected to increase the regional GDP by over 3% according to a social impact assessment conducted by a professor at Universidad Católica de Chile [6] Female Entrepreneurs Program - The third iteration of the Female Entrepreneurs program received 350 applications, marking a 10% increase year-on-year, with 45 participants selected from Putaendo County [7] Educational Partnerships - Los Andes renewed and expanded partnerships with national organizations to develop mining-related skills at local high schools and universities, enhancing access to quality education and training for youth [8] Community Agreements - In 2024, the company signed agreements with two local communities to advance outdoor recreation projects and environmental offset studies for the Vizcachitas project, demonstrating potential for collaborative environmental stewardship [9] Landmark Seminar - The company organized a seminar titled "Agriculture and Mining: Collaboration and Synergies of Two Engines of Regional Development," facilitating discussions on the compatibility of mining and farming in the Valparaíso Region [10][11]
Kodiak Upgraded to Trade on OTCQX
Newsfile· 2025-12-04 12:00
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") reports that the Company has qualified and will begin to trade on the OTCQX® Best Market today, upgrading from the OTCQB® Venture Market. Kodiak's shares will continue to trade under the symbol KDKCF.Claudia Tornquist, President and CEO of Kodiak said, "Graduating to the OTCQX Best Market reflects the strength of our business, the quality of our governanc ...
OTC Markets Group Welcomes KODIAK COPPER CORP. to OTCQX
Globenewswire· 2025-12-04 12:00
NEW YORK, Dec. 04, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced KODIAK COPPER CORP. (TSX-V: KDK; OTCQX: KDKCF), focused on the discovery of copper, has qualified to trade on the OTCQX® Best Market. KODIAK COPPER CORP. upgraded to OTCQX from the OTCQB® Venture Market. KODIAK COPPER CORP. begins trading today on OTCQX under the symbol “KDKCF.” U.S. investors can find current financial disclosu ...
Gunnison Copper Announces That Rio Tinto's Nuton Technology Produces First Copper
Newsfile· 2025-12-04 11:30
Core Insights - Gunnison Copper Corp. announced that Rio Tinto successfully produced the first copper using its Nuton® Technology at the Johnson Camp mine in Arizona, marking a significant advancement in copper processing technology [1][2][3] Technology Development - After over 30 years of research, the first copper cathode was produced using Rio Tinto's bioleaching technology, which utilizes microorganisms grown on-site [2] - The technology package is designed for a heap leach pad with a target production of approximately 30,000 tonnes of refined copper over a four-year demonstration period [2] Efficiency and Environmental Impact - Nuton technology allows for cleaner, faster, and more efficient copper production, achieving recovery rates of up to 85% from primary sulphides [5][6] - The environmental performance of Nuton is expected to surpass traditional methods, with up to 80% less water usage and up to 60% lower carbon emissions compared to conventional processes [6] Carbon Footprint - At Johnson Camp, Nuton aims to produce copper with the lowest carbon footprint in the U.S., with a projected mine-to-metal carbon footprint of 0.82 kg CO₂-e per kg of copper, significantly lower than the global average of 3.4 kg CO₂-e per kg [7] Production Capacity and Future Plans - The Johnson Camp asset is fully funded by Nuton LLC, with a production capacity of up to 25 million lbs of finished copper cathode annually [14] - The next phase will focus on validating long-term technical performance through multi-year testing and independent verification [9]
Codelco signs MoU with Glencore for Chile copper smelter project in Antofagasta
Yahoo Finance· 2025-12-04 09:48
Core Viewpoint - Codelco and Glencore have signed a memorandum of understanding to develop a copper smelter in Antofagasta, Chile, aiming to enhance local copper processing capacity and reduce reliance on foreign smelting [1][4]. Group 1: Agreement Details - Codelco will supply up to 800,000 tonnes per annum of copper concentrate to Glencore for a minimum of ten years, with a potential ten-year extension [2]. - The planned smelter will have a processing capacity of approximately 1.5 million tonnes per annum of concentrate [2][3]. - The investment required for the project is estimated between $1.5 billion and $2 billion [3]. Group 2: Project Timeline and Feasibility - Glencore will conduct a pre-feasibility study, with the aim to finalize the agreement in the first half of next year [3]. - Engineering studies for feasibility and permitting are expected to be completed by 2027, with construction anticipated to start in 2030 and operations beginning between 2032 and 2033 [3]. Group 3: Industry Context - Chile currently holds only 6% of global copper smelting capacity, with a significant portion of its copper being processed in China, which controls half of the world's smelting capacity [4]. - The Chilean government is working to expand local smelting infrastructure, including a $1.7 billion modernization project led by ENAMI [5]. - The Codelco-Glencore agreement aligns with national objectives to increase domestic smelting capacity [5]. Group 4: Glencore's Broader Strategy - Glencore plans to restart operations at its Alumbrera copper mine in Argentina by the end of next year, with production expected to commence by the first half of 2028 [5]. - Once operational, the Alumbrera mine is projected to produce approximately 75,000 tonnes of copper, 317,000 ounces of gold, and 1,000 tonnes of molybdenum over four years [6]. - Glencore aims to expand its annual copper production to around 1.6 million tonnes by 2035, reversing a multi-year decline in output [6].
ASX Market Open: Copper records take mining higher across the globe | Dec 4
The Market Online· 2025-12-03 21:31
Market Overview - Australian shares are projected to gain approximately +0.3% in futures, driven by a surge in copper prices, which have reached a record high in London [1][3] - The Dow Jones index in the U.S. saw a significant increase of +0.9%, while London's stock market experienced a slight decline of -0.1% [2] Commodity Insights - Copper prices have surged to an all-time high following Glencore's decision to reduce near-term output targets, which is expected to tighten supply in the short term [3] - Other commodities are also performing well, with iron ore up +0.4% to $104.30 per tonne, Brent crude oil gaining +0.6% to $62.83 per barrel, and gold priced at $4,212 per ounce [6] Company News - BHP (ASX:BHP) and Rio Tinto (ASX:RIO) are highlighted as key stocks to watch due to their +1.5% gains in London, benefiting from the rise in copper prices [4] - Nuix Limited (ASX:NXL) has announced an agreement to acquire Linkurious, a Paris-based AI decision platform that specializes in graph data visualization [4] - Lefroy Exploration (ASX:LEX) has commenced mining activities at Lucky Strike, with the first ore haulage expected in January next year [4] - 6K Additive Inc., a U.S.-based metal powders producer, is set to join the Australian stock exchange under the ticker "6KA," with an initial share price of $1 [5]
January 12, 2026 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against FCX
Globenewswire· 2025-12-03 21:15
Core Viewpoint - The Gross Law Firm is notifying shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit due to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine [3]. - It is claimed that the lack of proper safety precautions posed a heightened risk that could foreseeably lead to worker fatalities [3]. - The allegations include that these safety issues constituted undisclosed risks of regulatory, litigation, and reputational damage [3]. - As a result, statements made by the defendants regarding Freeport-McMoRan's business and operations were materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to potentially be appointed as lead plaintiffs [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
Osisko Metals surges on $23M investment boost for Gaspé
MINING.COM· 2025-12-03 19:43
Core Viewpoint - Osisko Metals is set to receive a C$32.5 million ($23.2 million) investment to support the development of its Gaspé copper project in Quebec, with participation from several prominent mining companies [1][2]. Investment Details - Osisko will issue approximately 67.66 million common shares at a price of C$0.48 each through a private placement [2]. - Notable participants include Hudbay Minerals, Agnico Eagle Mines, and Franco-Nevada, with Hudbay expected to acquire over 29 million shares, representing 4.3% of outstanding shares post-financing [3]. Market Reaction - Following the announcement, Osisko Metals' stock surged over 12% to a near 52-week high of C$0.55, resulting in a market capitalization of approximately C$330.7 million ($237.1 million) [4]. Project Overview - The funding will advance the Gaspé copper project, touted as the largest copper project in eastern North America, with planned activities including drilling, permitting, and technical studies [5]. - The Gaspé mine, located near Murdochville, is expected to start producing around 500,000 tonnes of copper concentrate annually by 2032, supported by federal and provincial backing [6]. Resource Assessment - Currently, the Gaspé project has 824 million indicated tonnes grading 0.27% copper, equating to 2.23 million tonnes of contained copper, and an additional 670 million tonnes inferred grading 0.3% copper, totaling 1.99 million tonnes of copper [7].
FDA Greenlights Eli Lilly Drug, Glencore Revives Copper Mine as Geopolitical Headwinds Mount
Stock Market News· 2025-12-03 18:08
Group 1: Eli Lilly and Company - Eli Lilly has received full FDA approval for pirtobrutinib (Jaypirca) for adults with relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma who have previously been treated with a covalent BTK inhibitor [2] - The approval expands the drug's label to include patients earlier in their treatment course and converts a December 2023 accelerated approval to a traditional approval [2] - Jaypirca is the first and only FDA-approved non-covalent BTK inhibitor, with the expanded indication based on results from the Phase 3 BRUIN CLL-321 trial [2] Group 2: Glencore - Glencore plans to restart operations at its Alumbrera copper mine in Argentina by late 2026, with initial production expected in the first half of 2028 [3] - The company aims to significantly increase copper output to 1 million tons annually by the end of 2028 and approximately 1.6 million tons by 2035 [3] - The Alumbrera mine is projected to produce around 75,000 tonnes of copper, 317,000 ounces of gold, and 1,000 tonnes of molybdenum over four years [3] - Glencore has adjusted its 2026 copper production guidance downwards to 810,000–870,000 tonnes from a previous target of 930,000 tonnes due to setbacks at its Collahuasi mine in Chile [3] Group 3: Geopolitical Developments - Belgium has expressed significant reservations regarding the EU's plan to use frozen Russian central bank assets as collateral for a loan to Ukraine, citing unaddressed economic, financial, and legal risks [4] - The Belgian government fears being asked to bear the risks of this operation alone, particularly as most of the estimated €190-200 billion in Russian assets are held by Euroclear, a Brussels-based financial clearinghouse [4] Group 4: U.S. Political Landscape - U.S. Secretary of War Pete Hegseth is under scrutiny for endangering troops by using the Signal app to discuss classified military strike plans [5] - A watchdog investigation found that classified information was shared in an unclassified group chat that included a journalist, despite denials from Hegseth and the Pentagon [5] - House Speaker Mike Johnson faces increasing pressure from within his party, with prominent Trump ally Elise Stefanik criticizing his leadership and control over House Republicans [6]